Penske Entertainment's has acquired the Grand Prix Association of Long Beach, representing a huge development for the future of the IndyCar series. The organization that manages the Acura Grand Prix of Long Beach has long been a cornerstone of American motorsport, hosting the longest-running major street circuit race in North America.As it approaches its 50th anniversary, Penske's involvement promises substantial investment, aimed at improving the event further.
Jim Michaelian, President & CEO of the Acura Grand Prix of Long Beach, is also enthusiastic.'As we prepare to celebrate a truly remarkable milestone, the 50th anniversary of this amazing event, it's fitting that we have such exciting and important news to share about its future.'This acquisition arrives at a time when Penske Entertainment is actively working to redefine its racing series.